The findings come from Startup Genome, a research project launched in conjunction with Stanford and Berkeley, that aims to map, model and analyze what makes new businesses successful. Its latest report dissects crowdsourced information from more than 3,200 new companies around the globe.
On average, Silicon Valley startups raise two to three-times more money in the first three stages of development: Discovery, Validation, and Efficiency. But in the scale stage, compared to Silicon Valley, New York City startups raise 27% more money and London startups raise 30% more money.
Compared to New York entrepreneurs, Silicon Valley entrepreneurs are 2-times more likely to build games, 50 percent less likely to build marketplaces, 23 percent more likely to be build social networks, 3.5-times more likely to be build infrastructure and 2.5-times less likely to be build financial tools. Compared to entrepreneurs in Silicon Valley, London entrepreneurs are 50 percent more likely to be build eCommerce products, 35 percent less likely to be build social products, 3.5-times less likely to be build products based on user-generated content and 2-times more likely to be build project management software.
Startup Genome is also offering a new ranking for the world’s top 25 startup ecosystems, ordered by their average throughput. Here it is the top 10
- Silicon Valley (San Francisco, Palo Alto, San Jose, Oakland)
- New York City (NYC, Brooklyn)
- Tel Aviv
- Los Angeles
- Sao Paulo
Abstract from Techcrunch